LIC IPO allotment status: Here’s how to check yours
May 13, 2022
The much-awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC) has closed, and the company will finalize the allotment by Thursday, May 12, as announced by DIPAM Secretary Tuhin Kant Pandey.
The LIC IPO opened for subscription between May 4–9. The issue was kept open for bidding during the weekends as well, an unusual way to attract investors.
LIC’s Rs 20,557 crore IPO was sold in the range of Rs 902–949 per equity share, where eligible policyholder received a discount of Rs 60 apiece, whereas retailers and eligible employees were offered a discount of Rs 45 per share.
The issue was entirely an offer for sale by the government of India, wherein it has offloaded only a…read more